Forex: CBN Boosts Retail Secondary Market With $218.41m, CNY 18m
BY EDMOND ODOK, ABUJA – The Central Bank of Nigeria (CBN) has boosted its retail Secondary Market Intervention Sales (SMIS) with the sum of 218.41 million dollars. In addition, the…
Chinese Yuan
Forex: CBN Injects $253.38m, CNY 16.7m into Retail SMIS
BY CHINYERE OBIOMA, LAGOS – The Central Bank of Nigeria (CBN) flagged off its first intervention in the foreign exchange market for year 2020 with an injection of $253.38 million…
CBN Boasts Retail SMIS With $311.5m, CNY15m
The Central Bank of Nigeria (CBN) at the weekend sustained its efforts at boasting business activities with huge US dollars and Chinese Yuan investments in the inter-bank foreign exchange market…
CBN Injects $298.71m Into Retail Market
Isaac Okorafor, CBN’s Director, Corporate CommunicationsThe Central Bank of Nigeria (CBN) has made another intervention of 298.71million dollars into the retail Secondary Market Intervention Sales (SMIS). According to the Director…
Currency Swap: CBN Woos Importers, Offers Incentives On Chinese Yuan
BY CHINYERE OBIORA, LAGOS – The Central Bank of Nigeria (CBN) is offering incentives to importers that open transaction invoices in Renminbi instead of the US dollars. Renminbi literally means…